Property profile

5198 Richmond Rd Bedford Heights, OH 44146

OFF-MARKET
Warehouses
Property ID
US66-1157301
8,214 SF 0.66 ac lot Built 1968
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 8,214 SF
Lot 0.66 ac (28,880 SF)
Zoning code I
APN 791-02-002
UPID US66-1157301

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Industrial Manufacturer Production Facility
  • Medical Clinic
  • Waste Management Facility
  • General Contractor

Location

5198 Richmond Rd Bedford Heights, OH 44146-1331
Bedford Heights metro Census 133104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$630k
Comparable Approach Comparable
$583k
Blend (final) Blend
$260k

Owner & transaction history

since 2015
2 recorded transactions
2015
$414,000
1969
Price N/A

Zoning & alternative use

I · Bedford Heights, OH
Zoning description

The purpose of this district is to provide for orderly growth and development in the City of Bedford Heights

General category INDUSTRIAL
Top alternative use upside
Medical building $895,000 +90.8%
Neighborhood: shopping center $830,000 +77.8%
Commercial (general) $680,000 +45.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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